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  "docSlug": "efcae84676a2",
  "documentTitle": "Sony Corporation (6758.T)",
  "authorId": "05_Third_Point",
  "authorName": "Third Point",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2019-06-13 00:00:00",
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  "pageNumber": 89,
  "pageCount": 102,
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  "slideType": "peer_benchmark",
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  "density": "dense",
  "nDataPoints": 30,
  "notes": "Includes two tables of financial/market data and three pie charts illustrating market share shifts.",
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      "kind": "callout",
      "text": "The key difference is Sharp's singular focus on its domestic market, a trend already taking place in Sony's Mobile business. We suggest that Sony accelerate this transition to become more Japan focused",
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      "kind": "chart",
      "text": "Smartphone unit market share: Sony becoming more Japan focused",
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      "kind": "chart",
      "text": "Largest high-end Android player in Japan by Units",
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      "text": "Sony's Japanese peers show that, even if Sony were to remain in the mobile business, profitability is achievable. We look to Sharp, a peer with half the unit volume of Sony and a lower average selling price, generating >10% margins. The key difference is Sharp's singular focus on its domestic market, a trend already taking place in Sony's Mobile business. We suggest that Sony accelerate this transition to become more Japan focused",
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      "kind": "metric",
      "text": "Operating Profit: (19.4%)",
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      "kind": "table",
      "text": "Benchmarking: more focused peers outperforming Sony",
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      "kind": "title",
      "text": "Greater focus will reduce Sony Mobile's losses",
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      "evidence": "Benchmarking Sony against Japanese peers to argue for strategic focus.",
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